For more information, please click the link below:

www.sec.gov/oiea/investor-alerts-and-bulletins/investor-bulletin-interval-funds

The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to provide investors information about interval funds. Interval funds are legally classified as closed-end funds, a type of investment company, but they have some distinctive features that make them different from typical closed-end funds.